M&A Deal Summary

Genstar Capital Acquires Tekni-Plex

On October 17, 2017, private equity firm Genstar Capital acquired packaging company Tekni-Plex from American Capital

Acquisition Highlights
  • This is Genstar Capital’s 3rd transaction in the Packaging sector.
  • This is Genstar Capital’s 64th transaction in the United States.
  • This is Genstar Capital’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2017-10-17
Target Tekni-Plex
Sector Packaging
Buyer(s) Genstar Capital
Sellers(s) American Capital
Deal Type Secondary Buyout

Target

Tekni-Plex

Wayne, Pennsylvania, United States
Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household and industrial, and food and beverage industries. Tekni-Plex was founded in 1967 and is based in Wayne, Pennsylvania.

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Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 70 of 109
Sector (Packaging) 3 of 4
Type (Secondary Buyout) 26 of 49
State (Pennsylvania) 4 of 6
Country (United States) 64 of 101
Year (2017) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 MW Components

Charlotte, North Carolina, United States

MW Components is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Its full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered for peak performance and made from the world's best materials. MW Components is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Bullhorn

Boston, Massachusetts, United States

Bullhorn is a provider of SaaS-based front office software for staffing and recruiting firms. Bullhorn’s offerings combine applicant tracking, customer relationship management, social media recruiting, online job posting, candidate sourcing, email and calendar integration, and business development tools. Bullhorn was founded in 1999 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 185 of 194
Sector (Packaging) 4 of 4
Type (Secondary Buyout) 66 of 71
State (Pennsylvania) 10 of 11
Country (United States) 177 of 186
Year (2017) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Datapipe

Jersey City, New Jersey, United States

Datapipe provides application management, hosting, professional services and security services for mid to large-sized organizations. Datapipe was formed in 1998 and is headquartered in Jersey City, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Schulman Associates IRB

Cincinnati, Ohio, United States

Schulman Associates IRB, Inc. is a Independent institutional review board overseeing the review of research protocols and consent documents used to protect human subjects participating in pharmaceutical, biotech, and medical device trials.

Sell -
Mergr

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